80th Report in 2010: Governments’ Role in Developing Strategic Emerging Industries

March 23,2011

xiaoluo

Abstract: Market failure is inevitable in the development of strategic emerging industries for its characteristics of quasi-public, external, and highly risky. Specific public policies shall be adopted by governments to adjust, regulate, or confine the strategic emerging industries properly. The article identifies the governments’ functions in developing strategic emerging industries as guidance, motivation, serving, and regulation.